To The Moon

> Prediction based on analysts' estimates from Visible Alpha.

Nio is likely to say when it reports Q4/22 earnings before markets open on March 1st (2000hrs UTC+8), that its net loss widened to 3.1bn yuan ($448m) from 2.2bn yuan a year ago.

• Nio's revenue likely grew by more than 75% to 17.5bn yuan ($2.5bn).

• Nio is expected to post an adjusted loss per share of 1.38 yuan ($0.20) for Q4/22 vs a 1.07-yuan loss a year earlier.

• Nio's Q4 vehicle deliveries were just over 40,000, below initial estimates but above updated guidance it released near the end of the quarter.

Nio will probably say its loss widened even as revenue surged to a record due to Covid-related delivery delays and lingering supply chain issues and disruptions hindered business at the end of the year.

Nio faced headwinds including a difficult global economy that dampened consumer sentiment, strict Covid lockdowns that only ended in late 2022, and a phase-out of Chinese government subsidies. Although the market for EVs in China is significant - accounting for about two-thirds of global EV sales last year and still growing.

In late December Nio reduced its estimates for vehicles delivered in the final months of the year to about 39,000 after previously projecting a figure as high as 48,000.

However Nio said in January that it delivered about 40,000 vehicles in the fourth quarter, ahead of revised estimates but below prior guidance.

Nio shares plunged late in 2022 and have fallen by 59% in the last year, compared with a drop of about 19% for the S&P 500 Consumer Discretionary Index.

The above is a prediction of Nio's Q4/22 earnings by analysts from Visible Alpha, not the actual results due on March 1st, it is not an invitation to trade.